IDACORP Inc (IDA)

Number of days of payables

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Payables turnover 0.00 -0.01 0.00 0.01 0.00 0.00 0.00 0.02 0.04 0.07 0.08 0.11 0.07 0.42 0.52 0.64 0.40 0.61 0.62 0.57
Number of days of payables days 95,589.10 — 377,932.15 59,652.53 96,428.19 246,216.48 122,930.87 16,153.02 9,075.57 5,142.57 4,520.97 3,238.17 5,197.24 867.77 698.84 566.98 919.79 597.26 592.10 636.42

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.00
= 95,589.10

To analyze Idacorp, Inc.'s number of days of payables based on the data provided, we observe a fluctuating trend in the payables turnover period over the past eight quarters. In Q4 2023, the number of days of payables was relatively high at 224.52 days, indicating that the company takes approximately 224.52 days to pay off its suppliers.

Comparing this with the previous quarters, there has been a notable increase from Q3 2023, where the number of days of payables stood at 143.14 days. This suggests a significant extension in the payment period from the prior quarter, potentially reflecting a change in the company's payment policies or financial circumstances.

Further back, in Q2 and Q1 2023, the number of days of payables was 129.63 days and 116.94 days, respectively, indicating a decreasing trend in the time taken to settle payables during that period.

Looking back at Q4 2022, the number of days of payables was 196.28 days, which was higher compared to Q3 and Q2 2022, where the figures were 146.08 days and 136.91 days, respectively. Q1 2022 had the lowest number of days of payables at 107.46 days, indicating efficient management of payables during that period.

In summary, Idacorp, Inc.'s number of days of payables has shown fluctuations over the quarters, with Q4 2023 reflecting a relatively extended payment period compared to previous quarters. It is essential to monitor this trend closely to assess the company's liquidity position, payment practices, and potential impacts on supplier relationships.